Economy
Car battery maker ACC halts plant construction in Germany, Italy
The European vehicle battery venture Automotive Cells (ACC) said Tuesday that it was halting construction of two factories in Germany and Italy as it weighs shifting to a less-expensive battery technology. As a result, it has stopped work on the factories in Kaiserslautern, Germany, and Termoli, Italy, to evaluate the viability of developing LFP technologies at the sites.
Microsoft ready to take more 'steps' on Teams to address EU concerns
Microsoft is willing to take further steps to assuage EU antitrust concerns over its video and messaging platform Teams, the company's president Brad Smith said Tuesday. Smith said he would not be surprised if Microsoft got the charge sheet but said Microsoft had already acted to address concerns.
Worries for France's Le Coq Sportif ahead of Paris Olympics
Loss-making French sportswear brand Le Coq Sportif faces fresh doubts about its finances and operations just as it should be delivering around 370,000 items of clothing and equipment for the Paris Olympics. Le Coq Sportif returned as supplier to the French athletics team for the first time in 50 years at the Beijing Winter Olympics in 2022.
Brazil economy picks up as shoppers spend more
Brazil's economy grew 0.8 percent in the first quarter, the government said Tuesday, a rebound boosted by consumer spending which analysts say could put the central bank on guard over inflation. William Jackson, chief emerging markets economist at Capital Economics, said the pace of growth and consumer spending "will raise (even more) concerns about inflation at the central bank."
Nigeria unions suspend nationwide strike to allow more wage talks
Nigerian union leaders on Tuesday suspended a nationwide strike to allow for more wage talks after they disrupted flights, shut down the national power grid and closed public offices and schools.
Hardline farmers back in Brussels to protest EU policies
Hundreds of tractors from across Europe rolled into Brussels on Tuesday in a protest spearheaded by hardline farmers' groups against EU green policies, days before elections across the bloc.
Inter CEO Marotta takes over as club president
Inter Milan's sporting CEO Giuseppe Marotta will take over as the Serie A champions' new president on Tuesday after being put forward by the Italian club's new US owners Oaktree. Since then, Inter have won two Serie A titles, two Italian Cups, three Italian Super Cups and reached the final of both the Champions League and Europa League.
Frustration in the air: Boeing delays hang over aviation meet
Back-slapping over record passenger figures is tinged with frustration at the airline trade body's annual meeting as carriers lament years-long delays to deliveries of new Boeing aircraft. Headline projections of nearly five billion passengers and close to $1 trillion in revenues this year, both records, were reasons for celebration at the IATA annual general meeting in Dubai.
Behind bars: Belfast jail reborn as whiskey distillery
Once home to paramilitary prisoners during Northern Ireland's "Troubles", a notorious Belfast jail is now home to a whiskey still that is drawing tourists to a formerly strife-torn area. The jail -- colloquially known as the "Crum" -- opened its doors as a tourist attraction in 2012 and the firm hopes the distillery will draw even more visitors.
Economy
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